The Foundation For Research On Equal Opportunity
- Assets
- $912.4k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-2699310
Organization Overview
The Foundation For Research On Equal Opportunity is located in Austin, TX. The organization was established in 2016. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Research On Equal Opportunity is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Foundation For Research On Equal Opportunity generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY CONDUCTS ORIGINAL RESEARCH ON (CONT. ON SCH O) EXPANDING ECONOMIC OPPORTUNITY TO THOSE WHO LEAST HAVE IT. FREOPP IS COMMITTED TO DEPLOYING THE NATION'S LEADING SCHOLARS AND THE TOOLS OF INDIVIDUAL LIBERTY, FREE ENTERPRISE, TECHNOLOGICAL INNOVATION, AND PLURALISM TO SERVE THIS MISSION. ALL RESEARCH CONDUCTED BY FREOPP CONSIDERS THE IMPACT OF PUBLIC POLICIES AND PROPOSED REFORMS ON THOSE WITH INCOMES OR WEALTH BELOW THE U.S. MEDIAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHCARE GENERAL: WE BELIEVE THAT AMERICANS DESERVE A HEALTH CARE SYSTEM THAT PROVIDES UNIVERSAL - AND UNIVERSALLY AFFORDABLE - COVERAGE FOR TODAY'S AMERICANS, AND A FISCALLY SUSTAINABLE SYSTEM FOR THE GENERATIONS TO COME. OUR HEALTH CARE RESEARCH IS FOCUSED ON MAKING THIS A REALITY.
COMMUNICATIONS OUTREACH: THROUGH OUR COMMUNICATION AND OUTREACH EFFORTS, WE EFFECTIVELY DISSEMINATE OUR RESEARCH FINDINGS, INSIGHTS, AND RECOMMENDATIONS TO VARIOUS STAKEHOLDERS AND THE BROADER PUBLIC.
EDUCATION: FREOPP CONDUCTS ORIGINAL RESEARCH IN BOTH THE HIGHER EDUCATION SPACE, AND IN THE K-12 SPACE. OUR K-12 PROGRAM IS FOCUSED ON INCREASING PARENTS AND STUDENTS' SOVEREIGNTY OVER THEIR CHILDREN'S EDUCATION. OUR HIGHER EDUCATION RESEARCH PROGRAM IS FOCUSED ON MEASURING THE RETURN ON INVESTMENT (ROI) OF COLLEGE DEGREES, AND ENSURING THAT INSTITUTIONS ARE ACCOUNTABLE FOR THE ECONOMIC OUTCOMES OF THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ames Brown Board Member | OfficerTrustee | 2 | $0 |
Avik Roy President / Board Member | OfficerTrustee | 40 | $0 |
Lanhee Chen Board Member | Trustee | 2 | $0 |
Vivek Ramaswamy Board Member | Trustee | 2 | $0 |
Jonathan Bush Chairman Of The Board | Trustee | 5 | $0 |
Michael Miltenberger Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,279,602 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,279,602 |
| Total Program Service Revenue | $0 |
| Investment income | $13,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,038,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $698,725 |
| Compensation of current officers, directors, key employees. | $38,086 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,274 |
| Payroll taxes | $50,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $401,254 |
| Advertising and promotion | $16,516 |
| Office expenses | $20,676 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,682 |
| Travel | $358,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,447 |
| Insurance | $2,942 |
| All other expenses | $886 |
| Total functional expenses | $1,765,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $875,211 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,815 |
| Net Land, buildings, and equipment | $5,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $912,359 |
| Accounts payable and accrued expenses | $77,829 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $77,829 |
| Net assets without donor restrictions | $110,310 |
| Net assets with donor restrictions | $724,220 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $912,359 |